Reliance digs up more oil reserves

Font Size

Print

Feedback

Email

Discuss

Related Articles

India’s crude oil production rises 3.2%Oil price hike deferred againReliance to compensate its petrol dealersReliance digs up more oil reserves

Reliance Industries Ltd released a statement on Tuesday stating that it had discovered more gas in an exploration block off India's east coast.

The company, which holds 90 percent of KG-DWN-2003/1 block in the Krishna Godavari basin, did not give details such as the flow rate of the gas find.

"The potential commercial interest of the discovery is being ascertained through more data gathering and analysis," the company declared in a statement.

Reliance, which has made many gas discoveries off the east coast, is separately investing $8.7 billion in its deep-sea fields off the east coast and aims to produce up to 80 million cubic metres of gas per day in the second half of 2008/09.